Akasa Finance Profile
Key Indicators
- Authorised Capital ₹ 30.00 Cr
- Paid Up Capital ₹ 29.30 Cr
- Company Age 30 Year, 29 Days
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 15.94 Cr
- Satisfied Charges ₹ 135.00 Cr
- Revenue Growth -12.06%
- Profit Growth -51.33%
- Ebitda 38.86%
- Net Worth 1.13%
- Total Assets 11.33%
About Akasa Finance
Akasa Finance Limited (AFL) is a leading Public Limited Indian Non-Government Company incorporated in India on 10 January 1995 and has a history of 30 years. Its registered office is in Delhi, India.
The Corporate was formerly known as Pooja Finelease Private Limited. The Company is engaged in the Financial Services Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 30.00 Cr and a paid-up capital of Rs 29.30 Cr.
The company currently has active open charges totaling ₹15.94 Cr. The company has closed loans amounting to ₹135.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Akasa Finance Limited India are Tanesh Gagnani as CFO and Neha Sharma as Company Secretary. Tanesh Gagnani, Nikhil Kumar, Rohit Mehta, and One other member serve as directors at the Company.
Company Details
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Location
Delhi, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U74899DL1995PLC064213
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Company No.
064213
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
10 Jan 1995
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Delhi
Industry
What products or services does Akasa Finance Limited offer?
Akasa Finance Limited offers a wide range of products and services, including Automobile Repairing and Maintenance, Two Wheeler Repair and Maintenance Services, Home, Auto & Other Loan Services, Loan Service Providers, Branding & Advertising Agencies, Advertising Service.
Who are the key members and board of directors at Akasa Finance?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Tanesh Gagnani
|
CFO | 30-Nov-2021 | Current |
| Neha Sharma | Company Secretary | 14-Aug-2024 | Current |
|
Rohit Mehta
|
Managing Director | 14-Dec-2007 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Tanesh Gagnani
|
Director and Cfo | 30-Nov-2021 | Current |
|
Nikhil Kumar
|
Director | 01-Sep-2023 | Current |
|
Jethmal Mehta
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Director | 26-Apr-2017 | Current |
Financial Performance of Akasa Finance.
Akasa Finance Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 12.06% decrease. The company also saw a substantial fall in profitability, with a 51.33% decrease in profit. The company's net worth moved up by a moderate rise of 1.13%.
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What is the Ownership and Shareholding Structure of Akasa Finance?
In 2022, Akasa Finance had a promoter holding of 58.68% and a public holding of 41.32%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Akasa Coworking Private LimitedRohit Mehta and Jethmal Mehta are mutual person
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Softlign Solutions Private LimitedRohit Mehta and Jethmal Mehta are mutual person
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Dxn Orion Private Limited
Rohit Mehta is a mutual person
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Trusthouse International Private Limited
Rohit Mehta is a mutual person
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C N M P Investments Private Limited
Rohit Mehta is a mutual person
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Electric Mobility Financiers Association Of India
Rohit Mehta is a mutual person
Charges (Loans)
₹15.94 Cr
₹135.00 Cr
Charges Breakdown by Lending Institutions
- Others : 15.00 Cr
- Hdfc Bank Limited : 0.94 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Mar 2022 | Others | ₹15.00 Cr | Open |
| 16 Nov 2021 | Hdfc Bank Limited | ₹9.40 M | Open |
| 29 Jun 2022 | Others | ₹5.00 Cr | Satisfied |
| 05 Mar 2019 | Others | ₹100.00 Cr | Satisfied |
| 30 May 2018 | State Bank Of India | ₹30.00 Cr | Satisfied |
How Many Employees Work at Akasa Finance?
Akasa Finance has a workforce of 365 employees as of Apr 03, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Akasa Finance, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Akasa Finance's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
